{ "ticker": { "uuid": "833916da-6301-41e5-8978-bb2163f13364", "symbol": "JMUB", "name": "JPMORGAN MUNICIPAL ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 82.026, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.183, "architecture_energy": 43.004, "architecture_maturity": 3.682, "architecture_confidence": 69.228, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 36.61, "rotation_up": 11.05, "upward_expansion": 6.16, "deceleration": 47.59, "rotation_down": 66.75, "downward_expansion": 74.83 }, "activity_lines": [ 49.806796, 49.989927, 50.032714, 50.041344 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 49.93, "trend_reference": 50.071093, "distance_from_trend": -0.002818, "trend_direction": "Improving", "fair_value": 47.877316, "distance_from_fair_value": 0.042874, "fair_value_direction": "Weakening", "relative_strength": -10.622239, "relative_strength_direction": "Weakening", "price_momentum": -0.005706, "excess_performance": -0.131331, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002818, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.002763, "read": "Rising" 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"stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.69787, "energy": 59.363112, "activity_lines": [ 50.330785, 50.239515, 50.127343, 50.115171 ] }, { "date": "2026-07-17", "close": 50.059248, "volume": 6389409, "typical_volume": 4717438.4, "trend": 50.082775, "fair_value": 47.789806, "relative_strength": -7.552361, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.983224, "energy": 28.594374, "activity_lines": [ 50.244534, 50.224452, 50.124861, 50.114517 ] }, { "date": "2026-07-24", "close": 49.580689, "volume": 6053537, "typical_volume": 4831896.25, "trend": 50.079721, "fair_value": 47.816784, "relative_strength": -7.690541, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.227556, "energy": 20.885918, "activity_lines": [ 50.006023, 50.122885, 50.079762, 50.082125 ] }, { "date": "2026-07-31", "close": 49.590659, "volume": 4653236, "typical_volume": 4844765.5, "trend": 50.073035, "fair_value": 47.845962, "relative_strength": -8.391872, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -67.528481, "energy": 46.819458, "activity_lines": [ 49.820633, 50.024567, 50.038936, 50.050572 ] }, { "date": "2026-08-07", "close": 49.93, "volume": 5135552, "typical_volume": 4866067.95, "trend": 50.071093, "fair_value": 47.877316, "relative_strength": -10.622239, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.182779, "energy": 43.00405, "activity_lines": [ 49.806796, 49.989927, 50.032714, 50.041344 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }